Full Report - Alliance Trust

Directors
35
Bruce W M Johnston (Chairman) CA (65) Joined the board 1991; appointed Chairman 1996 Pictured centre
Bruce Johnston was a partner in the chartered accountancy firm, Arthur Young (now Ernst & Young), between 1970 and 1986, where he
concentrated on audit and advisory work for companies and private clients. He then moved to the commercial sector and was, until 1996,
Executive Chairman of City Centre Restaurants plc, where he combined general management with responsibility for finance and investor relations.
Other directorships include Mid Wynd International Investment Trust PLC.
Non-Executive Directors From left to right
William Berry MA LLB WS (64)
Joined the board 1994; Senior Independent Director ■●
William Berry is a solicitor and the former chairman of Murray Beith
Murray, an Edinburgh Law firm which has an important investment
presence, managing and administering funds for many private clients. He
is Senior Governor of St Andrews University and was formerly chairman of
Scottish Life Assurance Company.
Other directorships include Fleming Continental European Investment Trust
PLC and The Scottish American Investment Company PLC.
William H Jack (59)
Joined the board 2000; Chairman of the Audit Committee ■● ▲
William Jack joined the General Accident Fire & Life Assurance Company in
1973, and was the managing director of GA Life (subsequently CGU Life),
with the responsibility for the UK Life and unit trust business, from 1991
to 2000.
Other directorships include Skipton Group Holdings.
Lesley M S Knox (50)
Joined the board 2001; Chairman of the Nomination Committee ■ ● ▲
Lesley Knox qualified as a lawyer and worked in the UK and USA advising
companies on a range of commercial matters. Subsequently she worked as
a corporate finance adviser first with Kleinwort Benson where in 1996 she
became a group director and then as a founder director of British Linen
Advisers. She was also Head of Institutional Asset Management at
Kleinwort Benson Investment Management which provided investment
services to clients world wide.
Other directorships include Hays PLC, HMV Group PLC and MFI Furniture
Group PLC.
Christopher Masters CBE FRSE (56)
Joined the board 2002; Chairman of the Remuneration Committee ■● ▲
Christopher Masters took his doctorate in Chemistry at Leeds University and
worked for Shell Research BV in the Netherlands and then Shell Chemicals
in the UK. He joined Christian Salvesen as business development manager
before becoming director of planning for their US operation and then Chief
Executive from 1989 to 1997. He was then appointed Executive Chairman
of Aggreko PLC, a post he held until January 2002. He chairs the Scottish
Higher Education Funding Council and the Festival City Theatres’ Trust.
Other directorships include British Assets Trust PLC and John Wood
Group PLC.
Executive Directors From left to right
Alan J Harden (46) ▲
Joined the Company 2003; Chief Executive 2004
Alan Harden started his career in the investment industry in 1978 with Abbey
Life and JBI in the UK, Europe and Cyprus; before joining Wardley (part of
HSBC) in 1984, running the asset management department in Cyprus, before
moving to Dubai UAE, and then to Hong Kong as senior investment manager.
In 1990 he joined Standard Chartered Bank as Managing Director of Scimitar
Asset Management based in Singapore, responsible for activities and assets in
South East Asia. In 1994 he became Global Head of Investment Services,
leading Standard Chartered to become the largest fund distributor in Asia. In
2000 he moved to Citigroup, and from his base in Japan, was head of the
asset management business in the Asia Pacific region and a member of the
Global Executive Committee. He joined the Alliance Trust in November 2003
and was appointed to the Board on 1 January 2004, the date on which he
took up the responsibilities of Chief Executive.
Alan M W Young MA LLB (57)
Joined the Company 1986; appointed to the board 1992
Alan Young read law at Edinburgh and worked in London at Buckmaster &
Moore, stockbrokers, before joining the investment department at Gartmore
as an analyst and fund manager. He became a director of Gartmore’s pension
and investment trust management arm in 1983. On joining the Alliance
Trust he managed the UK and European portfolios before becoming the
director responsible for investment policy.
Sheila M Ruckley MA LLB DLP (54)
Joined the Company 1988; appointed to the board 2000
Sheila Ruckley studied history and philosophy in the UK and USA before
qualifying as a solicitor. After joining the Alliance Trusts she became
secretary of the Company and compliance officer of the savings business,
before becoming responsible for the introduction of the Select Pension.
Initially appointed a director to develop the investor relations function
within the organisation, she was, in January 2004, appointed Director of
Risk Management, retaining responsibility for investor relations.
David A Deards BA ACA (44)
Joined the Company and the board 2003
David Deards read zoology at Oxford and qualified as a chartered accountant
with Arthur Young (now Ernst & Young) before joining Ansbacher & Co where
he gained considerable experience in corporate finance and banking and
investment product development, and became a director of Ansbacher & Co
in 1995. He joined the Alliance Trust as Finance Director in 2003.
■ Member of the Remuneration Committee ● Member of the Audit Committee ▲ Member of the standing Nomination Committee
All are also Directors of Alliance Trust Savings Limited and The Second Alliance Trust PLC